May Copy of The Independence Inn has a cash balance of $25,000 on April 1. The company is now preparing the cash budg. are as follows: Apr Jun Cash collections $22,000 $22,000 $24,000 Cash payments Purchases of direct materials 4,600 5,000 6,800 Operating expenses 6,000 46001 6,000 There are no budgeted capital expenditures or financing transactions during the quarter Based on the above data, calculate $48.400 $36.400 $31.400 $43,800 Il Proctoria is sharing Huntzberger News has prepared the following direct materials purchases budget Budgeted DM Month Purchases June $67.000 July 77,000 August 76,300 September 78,000 October 72,000 All purchases are paid for as follows: 40% in the month of purchase 50% in the following month, and 10% iw the end of October $7600 $49.920 $51.000 $54 520